Real Gross Domestic Product: Truck Transportation (484) in Montana
MTTRUCKTRANRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
501.10
Year-over-Year Change
-12.85%
Date Range
1/1/1997 - 1/1/2023
Summary
The Real Gross Domestic Product (GDP): Truck Transportation (484) in Montana measures the inflation-adjusted economic output of the truck transportation industry in the state. This metric is crucial for understanding Montana's economic performance and the health of its logistics sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Real GDP: Truck Transportation (484) in Montana tracks the total inflation-adjusted value added by the truck transportation industry to the state's economy. It serves as an important indicator of economic activity, productivity, and the demand for freight and logistics services within Montana.
Methodology
This data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Historical Context
Policymakers and businesses use this metric to assess the state of Montana's transportation infrastructure, supply chains, and economic competitiveness.
Key Facts
- Montana's truck transportation industry accounts for a significant portion of the state's GDP.
- Truck transportation is a critical enabler of economic activity in Montana's agricultural, manufacturing, and energy sectors.
- The real GDP metric adjusts for inflation, providing a clearer picture of the industry's underlying performance.
FAQs
Q: What does this economic trend measure?
A: The Real Gross Domestic Product: Truck Transportation (484) in Montana measures the inflation-adjusted economic output of the state's truck transportation industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Montana's economic performance and the health of its logistics sector, which is a key enabler of activity in other industries.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to assess the state of Montana's transportation infrastructure, supply chains, and economic competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other economic statistics published by the U.S. government.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Truck Transportation (484) in Montana (MTTRUCKTRANRGSP), retrieved from FRED.